Green Technology Annual Report

CEO’S STRATEGIC REVIEW On 10 October 2019, GreenTech Malaysia was rebranded as Malaysian Green Technology and Climate Change Centre (MGTC) to strengthen the nation’s institutional capability and capacity to deliver on the climate change agenda. Climate change has become one of the most pressing global challenges and I recognise fully the immense responsibility entrusted onto MGTC to help shape Malaysia’s strategic response through our actions and policies. THE GREEN DECADE The green technology landscape in Malaysia has changed significantly over the last 10 years, with greater adoption by Malaysians across the board. Energy efficient and renewable energy technologies are becoming the norm in industry as players recognise both their cost and environmental benefits. More industrial and commercial buildings as well as homes are generating their own electricity using solar, feeding the excess onto the national grid. The number of electric vehicles on our roads, including plug-in hybrid electric vehicles (PHEVs), is slowly increasing, reducing transport pollution. And, recycling is becoming a way of life for many, with easy access of recycling bins greatly encouraging Malaysians to segregate waste thus reduce the volume that ends up in landfills. These positive developments are the result of the contributions towards a sustainable nation by various parties. At the core of the changes, however, is MGTC – which has been working assiduously to carry out its mandate to develop and promote green technology focusing on the energy, waste and water, transportation and building sectors. Countless initiatives and programmes have been launched, through which the organisation has created greater awareness of green technologies and encouraged their adoption. Among others, MGTC has been responsible for the provision of tax incentives, funding, and the establishment of a national green mark. It also initiated and continues to organise a regional exhibition & conference that brings together thought leaders, policy makers, innovators, players and users to discuss and showcase the latest green developments while setting the stage for investments and trade. It has formed strategic partnerships to roll out new technologies; and worked hand-in hand with local authorities on how we can all collaborate to create a greener, more sustainable future. The Green Technology Financing Scheme (GTFS) for example was continued under GTFS 2.0 programme with additional feature of energy service companies (ESCO) and companies in manufacturing sector on top of the five sectors from the original programme. MGTC mandate is to develop and promote green technology focusing on the energy, manufacturing, transport, building, waste and water sectors. Green Technology Master Plan (GTMP) sets a roadmap for the development of green technology up to the year 2030. “ “ “ “ 10 MALAYSIAN GREEN TECHNOLOGY & CLIMATE CHANGE CENTRE ANNUAL REPORT 2019